Victoria Gold's 9M 2023 gold production up 17% despite Q3 setback4 Oct 2023 21:31
Victoria Gold 124,749 ounces of gold production in last 9 Months of 2023..up17% on same (9 Months of last year. 2022 of,,,, 106,441 ounces).
the Eagle and Olive deposits include proven and probable reserves of 2.6 million ounces of gold and 4.7 million ounces of gold in the measured and indicated category, inclusive of proven and probable reserves.
Victoria Gold explained that both the quarterly decrease year-over-year and the 9-month year-to-date increase were due to a reduction in seasonality as a result of year-round ore stacking on the heap leach pad, a more even distribution of planned maintenance throughout the year and a growing heap leach pad which moderates quarter over quarter gold production.
The company noted that the quarter-over-quarter decrease in grade was due to mine sequencing, adding that ore and waste mined, ore stacked on the heap leach pad and gold produced were all negatively impacted in Q3 2023 by an approximate 2 week evacuation in early August due to wildfire activity.